Speilberg Wants Dreamworks Back, Waves Bye Bye to Paramount!
News from IMDB today is that Steven Spielberg is wanting his old movie studio Dreamworks back to make it independent again. He is apparently trying to raise $1 billion to buy back the company from Paramount who bought it in 2006.
Spielberg later announced he will be terminating his contract with Paramount at the end of 2008. Spielberg did not reveal who he would want to distribute Dreamworks film’s assuming they become independent again, however various source’s are indicating Spielberg is leaning towards Universal Studios. Other sources indicate that Disney and Fox may also produce counter offers for distribution rights at a later time.
Paramount must have really done something to piss Spielberg off he is going to terminate his contract early and buy back his studio, I think it might have something to do with Indiana Jones 4. Out of the 3 studio’s in the running I would have Universal receive the rights over Disney and Fox. I mean who would want to see a Hanna Montana music video for the Blu-ray release of Kung Fu Panda?
How do you guys think this will waver into future Blu Ray/HD releases for Dreamworks’ catalogue and what affect do you think this will make on the “next” format war? This is serious news, it could cause bad blood between Paramount and who ever pick’s of Spielberg and his assets, I mean Spielberg and Dreamworks practically paid for Paramount’s bread this quarter.